Massachusetts Medical Cannabis Business & Marijuana Legal News

Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

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Massachusetts credit union says it will serve recreational marijuana businesses

Recreational and medical marijuana businesses in Massachusetts can look forward to having access to banking services after a credit union announced it is willing to serve them. The GFA Federal Credit Union, a state-chartered institution with $500 million in assets, will begin accepting marijuana clients by Oct. 1, offering basic services that include cash management, […]

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Marijuana officials warn MA pesticide crackdown could stymie MMJ industry

Massachusetts medical marijuana industry officials cautioned that a crackdown by state regulators on their use of pesticides, including natural compounds used by the organic food industry, could hamstring cultivators and curb MMJ supplies. The Boston Globe reported that state health department inspectors shuttered Colorado-based medical cannabis firm Good Chemistry’s growing, processing and retail operations in Massachusetts […]

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MA attorney general reverses ruling that allowed cities to ban medical cannabis firms

Medical marijuana businesses in Massachusetts may have one fewer headache after state Attorney General Maura Healey reversed an earlier decision that allowed municipalities to prohibit MMJ dispensaries. Here are the basics behind the situation: According to CommonWealth magazine, Massachusetts passed a medical marijuana law in 2012 that included a provision prohibiting cities and towns from banning MMJ […]

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Massachusetts OKs two testing labs, clears one rec marijuana hurdle

Massachusetts regulators on Thursday approved two labs to test recreational marijuana, a critical step to starting sales in a program delayed from a July 1 launch target. CDX Analytics in Salem and MCR Labs in Framingham were issued provisional licenses by the Massachusetts Cannabis Control Commission, according to state documents. Both have been involved in […]

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MA regulators reject plan to review pacts between localities, marijuana firms

Massachusetts’ top marijuana regulator rejected a proposal that would have allowed the agency to review agreements between municipalities and MJ firms – an arrangement that critics charge violates state law and puts smaller operators at a disadvantage. Thursday’s vote by the five-member Cannabis Control Commission followed an earlier request by commissioner Shaleen Title, a critic of […]

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Massachusetts regulators could OK first recreational cannabis testing labs this month

Massachusetts marijuana regulators could approve independent testing laboratories later this month, clearing what’s been a key roadblock to opening up the state’s first recreational MJ retail shops. The executive director of the Cannabis Control Commission, Shawn Collins, told commissioners Thursday he was “relatively confident” that one or two labs would be ready for a licensing […]

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CEO of multistate medical marijuana operator Green Thumb steps down

Peter Kadens, one of the more notable names in the U.S. cannabis industry, has stepped down as CEO of multistate medical marijuana company Green Thumb Industries (GTI). The 40-year-old entrepreneur, who will stay with Chicago-based GTI as a board member, told MassLive.com he was stepping down for personal and family reasons. Ben Kovler, who founded […]

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Week in Review: California marijuana recalls, MA diversity issues & Detroit limits MMJ facilities

Two voluntary marijuana product recalls occur in California, financial hurdles stymie diversity in Massachusetts’ recreational MJ industry, and Detroit caps the number of medical cannabis licenses at 75. Here’s a closer look at some notable developments in the cannabis industry over the past week. Failing grades It’s been a month since mandated lab testing for […]

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Financial hurdles stymie diversity in Massachusetts recreational cannabis industry

Massachusetts’ new recreational marijuana law requires efforts to ensure diversity, but potential licensees and applicants are struggling with financing and local regulatory approvals, a state survey found. The survey, though small, could offer insight for other municipalities or states looking to encourage minorities and the economically disadvantaged to seek business opportunities in cannabis. The Massachusetts […]

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Massachusetts asks municipalities to curb demands on cannabis firms

Massachusetts marijuana regulators urged city and town officials to keep within the boundaries of state law when negotiating local agreements with recreational marijuana businesses. The Cannabis Control Commission cited “anecdotal” evidence of municipalities putting excessive financial demands on companies wishing to locate within their communities, further slowing the already delayed rollout of the state’s voter-approved […]

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